• Define Naive Forecasting.
  • Identify one advantage of using Naive Forecasting.
  • Identify one disadvantage of using Naive Forecasting.
• Define Moving Averages Forecasting
  • Identify one advantage of using Moving Averages.
  • Identify one disadvantage of using Moving Averages.
• Define Exponential Smoothing Forecasting.
  • Identify one advantage of using Smoothing Forecasting.
  • Identify one disadvantage of using Smoothing Forecasting.
• Think of where you work or have worked in the past.
  • Identify one area where forecasting is necessary.
  • Describe what should be forecast.
  • Identify the best method of the three presented to make this forecast.